Pensions Bill

At Second Reading I drew attention to briefing I had received from, I think, Scottish Widows, which appeared to indicate that there would be an interaction between the entitlement under a personal account system and the entitlement to pension credit, which is means-tested. It could mean that individuals would feel that the contribution they had to make automatically as a result of being automatically enrolled amounted to little more than a cut in wages. If they do not get any return on it, it could not be regarded as being worth their while. That is important and links up with the submissions already made by noble Lords on the necessity for appropriate advice. Amendment No. 111 is an attempt to deal with the situation and I hope that it is given serious consideration by my Front Bench.